24 E Jones St, Savannah, GA 31401

Property Description

Rare opportunity to acquire a classic brick quadplex on Jones Street, consistently ranked among the most desirable and picturesque streets in the South. Located in Savannah’s Landmark Historic District, this asset benefits from strong tenant demand driven by proximity to SCAD, Forsyth Park, downtown dining, retail, and cultural attractions. The property consists of four self-contained units, each featuring a full kitchen, in-unit laundry, and individually metered utilities—supporting operational efficiency and tenant convenience. Interiors showcase historic character with high ceilings, hardwood floors, and abundant natural light. A lower-level unit provides a diversified unit mix with a functional, efficient layout. Tenants enjoy a private shared courtyard with bike storage, enhancing livability and retention. Major capital improvements have been completed, including a new roof and two new HVAC systems in 2025, reducing near-term maintenance exposure. Currently 3 of 4 units are leased, providing immediate in-place income, while short-term lease structures allow for near-term rent repositioning. The vacant unit offers an additional value-add opportunity through lease-up or strategic upgrades. This combination of cash flow and upside positions the property as an attractive investment in one of Savannah’s strongest rental submarkets. This property is eligible for an Owner Occupied STVR certificate.